Tag: Dr Yussif Sulemana
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Pump prices could hit GHS10/litre if Russia-Ukraine situation worsens- Dr Sulemana
Energy Consultant, Dr Yussif Sulemana says if the conflict between Russia and Ukraine escalates, Ghanaians must brace themselves to start buying fuel at about GHS10 per litre. The price of fuel on the global market reached an over 8-year record of $100 a barrel. Already, the previous increases to about $90 dollars had resulted in…
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Ghana must become shareholder in oil extraction to boost earnings – Energy Consultant
Energy Consultant Dr Yussif Sulemana says Ghana must move from relying on returns from royalties to maximise its revenues from the extractive industry. His comment is a reaction to an analysis done by the Institute of Fiscal Studies (IFS) that showed that Ghana’s revenue from its oil was about a quarter of that of Nigeria…
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Ghana risks brain drain if TOR remains nonoperational – Energy Consultant
Energy Consultant, Dr. Yussif Sulemana, has raised concerns about the continuous redundancy of the Tema Oil Refinery (TOR), suggesting that it may lead to human capital challenges soon. According to him, the current situation at TOR has compelled many skilled workers from the refinery to leave the country in search of greener pastures. “In fact,…
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Global oil prices to hit 60 dollars a barrel, 1st quarter 2021 – Analyst
Energy Consultant, Dr Yussif Sulemana is predicting that oil prices on the global market are likely to hit 60 dollars per barrel in the first quarter of 2021. Currently, Brent crude oil is selling for about 55.78 dollars per barrel increasing by a little over 4 dollars since the start of the year. Dr Sulemana…
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LNG-to-power project to reduce cost of electricity in Ghana – Energy Consultant
Energy Consultant, Dr Yussif Sulemana has indicated that the liquified natural gas-to-power project will reduce the cost of electric production in the country by up to 30 percent. Ghana is set to open sub-Saharan Africa’s first liquefied natural gas-to-power project as it moves to position itself as a hub for the cleaner and cheaper fuel…
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AfCFTA and Dangote’s refinery will make fuel cheaper – Energy Consultant
Energy analyst and lead technical consultant to the Chamber of Petroleum Consumers (COPEC), Dr Yussif Sulemana says the African Continental Free Trade Area Agreement (AfCFTA) coupled with the establishment of a state-of-the-art refinery by Nigerian businessman Aliko Dangote stand the potential to significantly reducing the cost to refined crude products on the continent. He stated…
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Privatise TOR if you can’t manage it – Energy consultant to government
Energy Consultant, Dr Yussif Sulemana, says government ought to consider privatizing the Tema Oil Refinery (TOR) in order to keep the entity operational. But Dr. Sulemana says, for such an entity that can play a major role in ensuring the country is energy efficiency, all options must be considered to make it fully functional. He…
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Ghana cannot be energy sufficient without a working refinery – Energy consultant
Energy Consultant, Dr Yussif Sulemana, says in order for Ghana have energy security it must begin processing its own crude oil. Speaking to Citi Business News, on the sidelines of a workshop organized the Chamber of Petroleum Consumers (COPEC) on the country’s energy sector, Dr Sulemana said the country cannot have secured and reliable energy without…